UK tax

Transforming the VAT return into an MTDfB Tax Return

I wasn’t in my bath when I had this particular Eureka moment, I was actually discussing the MTDfB changes with HMRC’s implementation team following the annoncements made last week. In a nut-shell, it occurred to me that with a few changes (inexpensive changes!) the humble VAT return, which is already filed online, could be changed… Continue reading Transforming the VAT return into an MTDfB Tax Return

UK tax

What is a benefit in kind?

There is a really useful A to Z list of benefits in kind on HMRC’s web site at https://www.gov.uk/expenses-and-benefits-a-to-z For example, the first entry is for Accommodation and reads: 1. Overview As an employer providing accommodation for your employees, you have certain tax, National Insurance and reporting obligations. What’s included As well as the costs… Continue reading What is a benefit in kind?